IDBI Bank Current Affairs, GK & News
LIC introduces Technology Platform ‘e-PGS’
Life Insurance Corporation (LIC) has launched a centralized web-based workflow-based IT platform called “e-PGS”. Why this platform was launched? LIC launched this platform for its group business operations. Project e-PGS was inaugurated by M R Kumar, Chairman of LIC, at Central Office, Mumbai. First digital receipt generated on new IT platform was received by Rakesh ..
Month: Current Affairs - June, 2021
Category: Science & Technology Current Affairs
Topics: Digital Receipt • e-PGS Technology Platforms • IDBI Bank • Life Insurance Corporation (LIC)
LIC-owned IDBI Bank removed from PCA framework
The Reserve Bank of India (RBI) has removed IDBI Bank from the Prompt Corrective Action (PCA) framework which is the enhanced regulatory supervision of RBI on March 10, 2021. The bank was removed from the framework after four years as a result of its improved financial performance. Background Central bank had enlisted the IDBI Bank ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs
Topics: Financial regulation • IDBI Bank • LIC • Non Performing Assets (NPA) • Non-Banking Financial Companies • Prompt Corrective Action • Reserve Bank of India (RBI)
Finance Minister presents First Supplementary Demand of Grants
The Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman on Thursday, 28 November 2019 sought Parliament’s approval for capital infusion as a part of the first supplementary demand of grants for Rs 21,246.16 crore which will include: 1)About Rs, 8,820 crores will be spent for the newly-formed Union Territories of Ladakh and Jammu and ..
Category: Economy & Banking Current Affairs • Government Schemes Current Affairs
Topics: Department of Space • Finance • Finance Minister • IDBI Bank • Jammu and Kashmir • Ladakh • Nirmala Sitharaman • Parliament • Police • Union Territories
What could be implications of RBI’s mandate to link lending rates to an external benchmark?
The Reserve Bank of India, in a recent announcement, has mandated the banks to link their lending rates for loans to an external benchmark. This has made it mandatory for the banks to pass on the benefits of rate cuts on the loans to the banks immediately. Significance of the RBI’s Announcement This is significant ..
Topics: Banking • Banks • Central bank • Economy • Finance in India • Financial services • IDBI Bank • Monetary policy • Money • Money market in India • Repurchase agreement • Reserve Bank of India
What is the recently launched Credit linked Capital Subsidy Scheme (CLCSS) for MSMEs?
The Indian Government has decided to extend a special Credit Linked Capital Subsidy Scheme (CLCSS) for Technology Upgradation to the MSMEs. This money is to be utilized for the Technology Upgradation. The Indian Government relaizes that the equipping a business with technology is fiscally draining and this problem is even more severe for the Micro, ..
Category: Government Schemes Current Affairs
Topics: Economy • Economy of India • Finance in India • IDBI Bank • National Bank for Agriculture and Rural Development • Sailendra Narain • Small and medium-sized enterprises • Small Industries Development Bank of India